In Missouri we don't have a limitation to foreclosure, but the issue pointed out by William still applies and if a lender or creditor fails to actively seek remedies your security interest may be limited.

Some mold you can clean yourselves and other mold types will require professional remediation and cost will depend on the level needed.

There are remedies.

I wouldn't want that kind of liability.Encased or not I would want it removed.The lead paint I would have all renters sign a acknowledgment disclosure with the lease.We have EPA lead certified rules in the U.S. and it can get expensive to remediate but you might not have something similar in Canada.

....Still in remedial grammar, Tim?

It depends on the extent of the foundation damage, the soils the foundations are bearing on, and the remediation program selected.

Which shall be remedied in just moments ;)

After three major water remediation and renovations, we are over this property and want to move on!

If you do go forward, I would recommend requiring the seller to use a remediation company and get something signed from the company saying that the property is safe to live in.

In short, if the vendee has paid on the land contract for at least five years or has paid at least 20% of the total purchase price, your remedy is foreclosure.